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Mar 22, 2013
03/13
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the law undreamt line of what was supposed to be a tax piece. it restores many of the cruel automatic spending cuts. all is missing is a line like thank god for the democrats. then it was also considered a cheese head. it starts out fair and factual enough. under the rhine plan, the government subsidizes it. the only famous unnamed critics who say all of this would mean ever shocking. he is heartless and soulless and probably the double in pinstripes. it is one thing when they say it was all but a sham. it is another thing for them to prove that it is an even bigger sham. they are darn near inbred watching politicians who continue to say that we don't have a spending problem. and one that is only trying slow down the growth of the spending. fair and balanced. try over and out. dick armey says that he is over the top of the house of representatives. i am not saying give republicans a pass. i am saying to treat them equally and with the same ferocity. and i do not. >> thing that is most frightening about what you just read is that this has become
the law undreamt line of what was supposed to be a tax piece. it restores many of the cruel automatic spending cuts. all is missing is a line like thank god for the democrats. then it was also considered a cheese head. it starts out fair and factual enough. under the rhine plan, the government subsidizes it. the only famous unnamed critics who say all of this would mean ever shocking. he is heartless and soulless and probably the double in pinstripes. it is one thing when they say it was all...
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Mar 20, 2013
03/13
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it does tax reform. it's got a tax reform, revenue-neutral tax reform. but you still consider it a serious document. >> i consider it an absolutely serious document, because it's very honest about what it does. it says these are the numbers and these are the policies that prove those number. >> i would be happy if patty muralies has the same bottom-line numbers if she was transparent how she got there. there's so many gimmicks as a former cbo guy, it makes me cringe. i respect people like the progressive budget. if you want to spend more, i think you're in wrong, but be honest about it. >> paul ryan's budget doesn't really get to the detail of how he would make his cuts. >> and it's full of gimmickry. >> paul ryan's budget does more from a budget point of view than is necessary. he describes the policies that are in there. it's a fair defense on both sides that these are budget documents, and god forgive the budget community do what the ways and means committee -- we don't need that food fight. i get that. they've laid out three times in the house what t
it does tax reform. it's got a tax reform, revenue-neutral tax reform. but you still consider it a serious document. >> i consider it an absolutely serious document, because it's very honest about what it does. it says these are the numbers and these are the policies that prove those number. >> i would be happy if patty muralies has the same bottom-line numbers if she was transparent how she got there. there's so many gimmicks as a former cbo guy, it makes me cringe. i respect...
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Mar 19, 2013
03/13
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, local taxes, or federal taxes. california says they miss about $6.5 billion a year in tax revenue because of the underground economy. you multiply that out, that's a lot of money. adds up to more than they sequester. >> shepard: a large part of that is the failed drug war. but the drug war -- the reason it existed now, frankly, is that there's such an enormous economy around the failed drug war, that all the people who work in this failed industry, if you closed the failed drug war industry, you'd have hundreds of thousands of people without jobs. reporter: i suppose. or do the opposite which is make marijuana legal and maybe try to tax it. >> shepard: and regulate it. reporter: i think that illegal activity is a constant and what is new is work that is actually legal, it's just not -- off the books and the income is not being reported. >> shepard: changing world. >> it is. >> shepard: this dire situation in syria got more complicated, at least for today. coming up more on the reported use of chemical weapons. now,
, local taxes, or federal taxes. california says they miss about $6.5 billion a year in tax revenue because of the underground economy. you multiply that out, that's a lot of money. adds up to more than they sequester. >> shepard: a large part of that is the failed drug war. but the drug war -- the reason it existed now, frankly, is that there's such an enormous economy around the failed drug war, that all the people who work in this failed industry, if you closed the failed drug war...
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Mar 22, 2013
03/13
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for instance, taxes, speaker boehner says no more tax increase after the 600 billion tax increase the president at the end of the year got. he said absolutely no. are the republicans going to have to give on the taxes? >> well, i think it depends on what happens. i personally don't believe that we are undertaxed. i mean, you look at this economy right now, between regulation and taxes, this economy is a mess. and you compare this economy to exactly the same cycle of reagan's presidency getting 5, 6, 7, 8% growth a quarter. i mean-- >> so are you saying that the republicans, that should be a line in the sand for republicans, no tax increase. >> i think they should be more aggressively future oriented. what do we need to do to fix the regulations and the health system. obamacare, government-run bureaucratic health is going to collapse. every time you turn around, someone in this country, amazing, one program in the department of health and human services they think that 65% of the money loaning will be gone, never repaid. this is like solyndra on steroids except in the health field. eve
for instance, taxes, speaker boehner says no more tax increase after the 600 billion tax increase the president at the end of the year got. he said absolutely no. are the republicans going to have to give on the taxes? >> well, i think it depends on what happens. i personally don't believe that we are undertaxed. i mean, you look at this economy right now, between regulation and taxes, this economy is a mess. and you compare this economy to exactly the same cycle of reagan's presidency...
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Mar 22, 2013
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and people are tired of paying more taxes, we shouldn't be paying more taxes to fuel spending this washington. we should be cutting spending, for every $2 we bring in we spend 3, you can't keep doing that. >> greta: is there a role for the president in this process? >> normally you would think that the commander-in-chief would lead by examine and put a plan on the table and say this is how i would fix america's fiscal problems. and hasn't done that. and the budget was due the first monday in february and has yet to deliver it. cynical observation is he's playing politics. he'll wait for the republicans and do something later. whatever the motivations for delaying his budget are, i hope he begins to engage. i think the charm offensive is helpful. the question is, is it real and will it last? if it is real and if it does last then i think we've got a chance of getting a down payment on the problem fixed. >> greta: let me ask you the final dopey media question i always ask. what are your plans for 2016. >> my plans are to work on this problem here. >> greta: i know, but have you thought at all a
and people are tired of paying more taxes, we shouldn't be paying more taxes to fuel spending this washington. we should be cutting spending, for every $2 we bring in we spend 3, you can't keep doing that. >> greta: is there a role for the president in this process? >> normally you would think that the commander-in-chief would lead by examine and put a plan on the table and say this is how i would fix america's fiscal problems. and hasn't done that. and the budget was due the first...
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Mar 24, 2013
03/13
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i'm for a flat income tax and we wouldn't have marriage as part of the tax code. health insurance there is a way to write it where it would be neutral and you wouldn't bring marriage into the idea of health insurance chris i want to -- >> chris: i want to go back to the filibuster. after you filibustered for 13 hours you got this letter from the attorney general in which he wrote does the president have the authorization to kill an american with a drone to kill an american not engaged in combat on american soil just is answer to that is no. it seems to me what attorney general holder is saying by implication is that the president does have the authority to use a drone strike on an american on u.s. soil who is involved in combat. >> well, here is the thing. i never argued against if people are attacking the twin towers with planes an imminent threat or active ongoing threat i never argued you wouldn't use drones or planes or f-16s to repel that kind of attack. the problem is a lot of our drone attacks are targeted killing overseas are killing people not actively en
i'm for a flat income tax and we wouldn't have marriage as part of the tax code. health insurance there is a way to write it where it would be neutral and you wouldn't bring marriage into the idea of health insurance chris i want to -- >> chris: i want to go back to the filibuster. after you filibustered for 13 hours you got this letter from the attorney general in which he wrote does the president have the authorization to kill an american with a drone to kill an american not engaged in...
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Mar 24, 2013
03/13
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for a flat income tax and we wouldn't have marriage as part of the tax code. health insurance, i think there is a way to write it where it would be neutral and you wouldn't bring marriage into the idea of health insurance. >> chris: i want to go back to your filibuster, in which you argued against the president's drone policy, especially, with regard to targeting of american citizens on american soil. after you would filibuster for 13 hours, you got this letter from attorney general holder, in which he wrote: does the president have the authority to use a weaponized drone to kill an american not engaged in combat on american soil? the answer to that, is no. senator paul, after your filibuster you said you were happy with that letter, but, in fact, doesn't it leave a huge loophole because it seems to me, what attorney general holder is saying, just by implication, or -- is that the president does have the authority to use the drone strike on an american on u.s. soil, who is involved in combat. >> well, see, here's the thing, i have never argued against -- if pe
for a flat income tax and we wouldn't have marriage as part of the tax code. health insurance, i think there is a way to write it where it would be neutral and you wouldn't bring marriage into the idea of health insurance. >> chris: i want to go back to your filibuster, in which you argued against the president's drone policy, especially, with regard to targeting of american citizens on american soil. after you would filibuster for 13 hours, you got this letter from attorney general...
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Mar 21, 2013
03/13
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through tax themselves. they know folks who have been affected by gun violence. these are people who may have a son, a brother, a good friend who is gay. so these people having these very personal tangible experiences are seeing these loopholes. and we're seeing a lag both with democrats and republicans. what makes me optimistic is we are seeing our elected officials start to follow more in the trend of public opinion. first the democrats and i think we'll see the republicans, too. >> thank you all so much. we wanted to spend more time with you but we had a lot of news to get to today. >>> coming up, an update on the manhunt for the person responsible for killing colorado's prison chief. you can do that all you want, i don't like v8 juice. [ male announcer ] how about v8 v-fusion. a full serving of vegetables, a full serving of fruit. but what you taste is the fruit. so even you... could've had a v8. tens of thousands of dollars in hidden fees on their 401(k)s?! go to e-trade and roll over your old 401(k)s t
through tax themselves. they know folks who have been affected by gun violence. these are people who may have a son, a brother, a good friend who is gay. so these people having these very personal tangible experiences are seeing these loopholes. and we're seeing a lag both with democrats and republicans. what makes me optimistic is we are seeing our elected officials start to follow more in the trend of public opinion. first the democrats and i think we'll see the republicans, too. >>...
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Mar 19, 2013
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this is a big deal. >> neil: this was an asset tax. something to which we're not immune here because with the healthcare law, there's the medicare hsu tax on selling real estate and x amount. so we already have that built in. so the -- i'm not saying the next stop is the depositor tox but we do have asset tax. >> absolutely there has been talk about the consumer financial protection bureau taking control and oversight of 401k accounts so they can make sure people aren't being ripped off. if you undermine the whole idea of savings, we already have a nationy we're not saving enough for retirement. all we need to do is undermine our financial system as well and it's just disaster on the way. >> neil: i'm not happy. if you don't watch fox business, she's going to come with her best-selling book and force you to read it. >> a fox news alert. the white house easter egg roll is not at risk. why there is an excess warning we're all about to get scrambled most people think that after an accident, you'll have to pay five hundred bucks for your d
this is a big deal. >> neil: this was an asset tax. something to which we're not immune here because with the healthcare law, there's the medicare hsu tax on selling real estate and x amount. so we already have that built in. so the -- i'm not saying the next stop is the depositor tox but we do have asset tax. >> absolutely there has been talk about the consumer financial protection bureau taking control and oversight of 401k accounts so they can make sure people aren't being ripped...
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Mar 22, 2013
03/13
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the part that deals with the specific tax on medical devices. 79 members of the senate voted in favor of it. including 34 democrats. and none of them were breaking ranks before the president was re-elected. now you're hearing more and more complaints about the health care law. >> senator, i want to ask you, you use the phrase, the senate budget not being a viable plan. >> that was the "washington post's" assessment of it. >> the same criticism has been labeled to the paul ryan budget, which uses as part of its calculation, defunding broadly, president obama's health care law. which i think, i think we probably can agree, is not likely to happen. if both sides are offering budget proposals that are nonviable. how do we get to a budget proposal that is viable, do you expect that to happen? >> well, i think it's important for our country that we do. and the thing that's, that i think is so important about paul ryan's budget is that it actually becomes a balanced situation. where you have a balanced budget. the democrat proposal -- never balances, not this year, not in ten years. never. a
the part that deals with the specific tax on medical devices. 79 members of the senate voted in favor of it. including 34 democrats. and none of them were breaking ranks before the president was re-elected. now you're hearing more and more complaints about the health care law. >> senator, i want to ask you, you use the phrase, the senate budget not being a viable plan. >> that was the "washington post's" assessment of it. >> the same criticism has been labeled to the...
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Mar 18, 2013
03/13
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forhe plan would cut taxes everybody and eventually replace medicare with a voucher plan, cut medicaid by over $700 billion in 10 years. do the democrats have a better idea, mark? >> the democrats have a better idea by basically not letting anything compete in the spotlight with paul ryan's. numbersho looks at believe that you can cut the deficit in 10 years while simultaneously increasing defense spending and cutting 35 to 28, as from mitt romney proposed, but 39 to 25%. it is just a pipe dream. >> are we ever going to settle this thing, lois? >> and then we might. i think the charm offensive is working a little bit. mitch mcconnell is speaking well of the president in saying that we have useful meetings. his biggest problem might end up being the democrats, trying to move them through some sort of entitlement reform. >> evan? >> maybe obama has got some secret plans to, but i don't see it. this is too little too late. if he was serious about a grand bargain he would have started in november. instead, he behaved like a political hack for months, and then his polls go down and he says,
forhe plan would cut taxes everybody and eventually replace medicare with a voucher plan, cut medicaid by over $700 billion in 10 years. do the democrats have a better idea, mark? >> the democrats have a better idea by basically not letting anything compete in the spotlight with paul ryan's. numbersho looks at believe that you can cut the deficit in 10 years while simultaneously increasing defense spending and cutting 35 to 28, as from mitt romney proposed, but 39 to 25%. it is just a...
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Mar 20, 2013
03/13
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this is just a new tax law. a court ruling that overturned this tax credit in the law, but instead of moving forward now with that new law in place, california state government decides to go back to try to reach the taxes from business owners who had no idea they had this liabilitiy, that is a first problem. the second problem, is this the new trend in state taxes? will we start seeing the cash strapped states pick up on this. and they will weed taxpayers in the fiscal year but from before as well. neil: craig, this is a concern. if others get a cue from this watch out. >> california is a trendsetter. as a small business owner, my other friends who are small business oers we've been hit with 5 to over 100,000-dollars in fourth quarter of last year in retro active tax, that is job, and investment money and a downer on christmas. now a new one that bureaucrats at franchise tax board are making a decision, it is politicians that are out of control, california is worst with highest tax state, the highest sales tax s
this is just a new tax law. a court ruling that overturned this tax credit in the law, but instead of moving forward now with that new law in place, california state government decides to go back to try to reach the taxes from business owners who had no idea they had this liabilitiy, that is a first problem. the second problem, is this the new trend in state taxes? will we start seeing the cash strapped states pick up on this. and they will weed taxpayers in the fiscal year but from before as...
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Mar 19, 2013
03/13
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tax rates for corp. -- tax breaks for corporate jets, tax subsidies for big oil companies that are making record profits. tax incentives for american companies to ship our jobs overseas. the c.b.c. budget will close these wasteful corporate loopholes. third, we look for savings by cutting waste, fraud, and abuse. and we take this approach because of the sensitive nature of our fragile economic recovery. you can't just cut the budget with a meat cleaver without hurting the american people. and lastly, the c.b.c. balanced approach stands up for important programs like social security, medicare, and medicaid that have nothing to do with the economic mess that we find ourselveses in right now. now we don't have a short-term deficit crisis in america. that's what the independent objective economists have concluded. the speaker of the house of representatives has acknowledged we don't have a short-term deficit crisis. the chairman of the budget committee just yesterday acknowledged that we don't have a short-term deficit crisis. we've gained six million jobs over the last four-plus years but we
tax rates for corp. -- tax breaks for corporate jets, tax subsidies for big oil companies that are making record profits. tax incentives for american companies to ship our jobs overseas. the c.b.c. budget will close these wasteful corporate loopholes. third, we look for savings by cutting waste, fraud, and abuse. and we take this approach because of the sensitive nature of our fragile economic recovery. you can't just cut the budget with a meat cleaver without hurting the american people. and...
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Mar 21, 2013
03/13
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. [chanting] right to work has got to go. >> protesteres are lashing out again but the governor is not backing down at all. michigan's right-to-work laws set to kick in a week from today. republican governor rick snyder is here. governor, good to see you. i was mentioning during the break whether when you see yourself portrayed as satan or the devil. >> it's great to be with you. i feel it's part of democracy. it was hired to do a job by my customers, the citizens of the state of michigan, and i'm doing the right thing. it's about workers rights and it's about bringing more jobs to michigan. so i'm just going to do my job. >> neil: we were talking about the possibility of an errant judge
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. [chanting] right to work has got to go. >> protesteres are lashing out again but the governor is not backing down at all. michigan's right-to-work laws set to...
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Mar 20, 2013
03/13
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. ♪ savor and explore, a the great indoors ♪ ♪ ♪ friskies indoor delights. ♪ feed the senses. ♪ the middle of this special moment and i need to run off to the bathroom. ♪ i'm fed up with always having to put my bladder's needs ahead of my daughter. ♪ so today, i'm finally talking to my doctor about overactive bladder symptoms. [ female announcer ] know that gotta go feeling? ask your doctor about prescription toviaz. one toviaz pill a day significantly reduces sudden urges and accidents, for 24 hours. if you have certain stomach problems or glaoma, or can not empty your bladd, you should not take toviaz. get emergency medical help right away if your face, lips, throat or
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. ♪ savor and explore, a the great indoors ♪ ♪ ♪ friskies indoor delights. ♪ feed the senses. ♪ the middle of this special moment and i need to run off to...
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Mar 20, 2013
03/13
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. >>> just a short time ago house republicans voted down a progressive attempt to boost jobs and repair the nation's infrastructure without gutting social spending. but, despite claiming to be job creat creators, this legislation has caused some conservatives to literally lose their minds, exploding into a range of incoherent mello drama and madness. >> will the federal government begin stealing our money? enter the congressional progressive caucus right here in the usa. the far left kuks d
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight....
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Mar 19, 2013
03/13
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tax reform to hide a tax increase and peer at ickley politicians in tax reform is that what they mean is they want to raise tax reform. there are two ways, raise the rates or broaden the base without bringing the rates down. no raising the rates and if you want to get reductions in credit that's great. bring the rates down dollar for dollar. that is what ryan does in the ryan plan is perfectly consistent. >> host: let's bring in chris from florida on the republican line. good morning chris. you were on with grover norquist. >> caller: thank you. thank you for c-span. mr. norquist, i think there is a big problem. perception is everything when it comes to marketing and it's the perception that the democrats are able to get across because the democrats, they know their audience and they know who their pandering to. and they treat them like stupid children. i will give you an example. you remember when the bush tax cuts first came out and tom daschle and dick gephardt were the minority leaders. they didn't have anything. they didn't have the house and they didn't have the senate or the wh
tax reform to hide a tax increase and peer at ickley politicians in tax reform is that what they mean is they want to raise tax reform. there are two ways, raise the rates or broaden the base without bringing the rates down. no raising the rates and if you want to get reductions in credit that's great. bring the rates down dollar for dollar. that is what ryan does in the ryan plan is perfectly consistent. >> host: let's bring in chris from florida on the republican line. good morning...
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Mar 23, 2013
03/13
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we don't want to keep raising taxes. $1.6 trillion tax increase is beginning this year. we don't want to do more of that, we think it will hurt the economy. spending is the problem. under our budget, spending grows 3.4% on average every year, and just restraining the growth of spending like that gets it to a balanced budget. hopefully somewhere between our budget, spending cuts we have, reforms we have, we can find some common ground. we need to keep talking and hopefully at the end of the day, now that we have a budget process that's moving, find common ground and get agreement to get a down payment on the problem. >> in april, the president will release his own budget. there will be a house budget, senate budget, the president's budget. do you believe based on the luncheon that you had with the president that he is ready to make compromises, that you're ready to make compromises, by end of july, early august there will be what we call a grand bargain? >> i think it would be helpful to the process if he made them publicly, if he said on paper here is what i am willing t
we don't want to keep raising taxes. $1.6 trillion tax increase is beginning this year. we don't want to do more of that, we think it will hurt the economy. spending is the problem. under our budget, spending grows 3.4% on average every year, and just restraining the growth of spending like that gets it to a balanced budget. hopefully somewhere between our budget, spending cuts we have, reforms we have, we can find some common ground. we need to keep talking and hopefully at the end of the day,...
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Mar 22, 2013
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granting huge tax breaks, that has to be made up somewhere. the ryan budget repeals the affordable care act except they keep the projected savings in their budget projections. the $716 billion that we heard so much about in the election last year, paul ryan keeps the savings that obamacare would generate, but eliminates the benefits. the revenues that come from some of the taxes on medical devices and other things, they keep the revenue that comes from the affordable care act, but they want to cut the benefits. so thouis is really about an ideology. the wealthiest americans have essentially captured the republican caucus. and what we see in the ryan budgity or in anything that has to do with the affordable care act, anything that has to do with the smart investments that we know we need to get the economy growing again, those are off the table. big tax cuts for the wealthiest americans that has to be made up by somebody and we know who that somebody is. >> thank you for coming in. there is no huge surprise that the ryan budget overwhelmingly p
granting huge tax breaks, that has to be made up somewhere. the ryan budget repeals the affordable care act except they keep the projected savings in their budget projections. the $716 billion that we heard so much about in the election last year, paul ryan keeps the savings that obamacare would generate, but eliminates the benefits. the revenues that come from some of the taxes on medical devices and other things, they keep the revenue that comes from the affordable care act, but they want to...
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Mar 19, 2013
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you know, there are the taxes on assets, tax that are on insurance companies that are getting passed to consumer and you know maybe down the line there will be questionable taxes on savings accounts. you never know what the united states will do. neil: all i know, they are a heck of a lot more ways to be create testify get money than spending, very good points thank you, mike rigs in washington. >> to mike a point, the problem with small nation going after its citizens bank deposits, other bigger nations see how it goes, and markets world over fear all far it goes, which could explain why so many markets were tajin oing tankings thing. joe perry. and -- joe, what do you think? >> i think it is jjst as you said, this has been going on, for a while. and the bigger government gets, the more intrusive it gets it has been in your pockets, my pockets, my banks pockets by depositors pockets, large and small. what is happening now, like a story we use in banking called boiling a frog, you want to bl a frog, if you put him in boiling water he will jump o and complaint, this is what is happeni
you know, there are the taxes on assets, tax that are on insurance companies that are getting passed to consumer and you know maybe down the line there will be questionable taxes on savings accounts. you never know what the united states will do. neil: all i know, they are a heck of a lot more ways to be create testify get money than spending, very good points thank you, mike rigs in washington. >> to mike a point, the problem with small nation going after its citizens bank deposits,...
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Mar 18, 2013
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. >> neil: at it time for our latest edition of "they say, we check." >> year going to mapping our way through this by identifying the lowe's risk detainees and putting them into alternative -- >> sorry, janet, not true. we checked on that. >> several hundred related to sequester but not thousands. >> neil: also not tr
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe?...
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Mar 20, 2013
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they want to cut taxes and cut the deficit at the same time. those are their two agenda items. you can't do both. they are just trying to ignore it and hope it goes away. >> now, when you look at the reaction, patricia, there's no wonder they are being defeated at the polls and poll after poll shows that americans are not going their way but i think this only further drives the wedge between the american voters because people are offended when it is clear you are not even being honest with them. >> well, yeah. and i think what americans are really want is just an honest discussion of the issues and if people come at an issue and have an honest disagreement and use facts that are accurate, you can have that discussion and debate. but when you come out of a discussion with facts that are not true that "the washington post" says are four pin knock key ohios, you can't even start to talk about things in an honest way and that's why michele bachmann has gotten into so much trouble. she won her last wasn't by a point. she's a huge target for democrats coming up in the next election c
they want to cut taxes and cut the deficit at the same time. those are their two agenda items. you can't do both. they are just trying to ignore it and hope it goes away. >> now, when you look at the reaction, patricia, there's no wonder they are being defeated at the polls and poll after poll shows that americans are not going their way but i think this only further drives the wedge between the american voters because people are offended when it is clear you are not even being honest...
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Mar 26, 2013
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they are getting taxed now in cyprus. thank you sir. >> thank you john. >> we kick off another week of our critically acknowledged series with tennessee, the home of davy crockett, doll loy parton and a former senator who became vice president and then did some things that made him very unpopular. of course, i'm talking about andrew johnson. john: welcome back. it's time for w.t.f. america and our w.t.f. america series continues with a whole week of w.t.f. tennessee stories. now tennessee is the home of nashville, so it's a little bit country and a whole lot of w.t.f. as "the new york times" reported today, two nights a year, residents of tennessee can call a hot line and if they get through, they might qualify for something called 10 care. it's like tennessee's version of medicare. it's the kind of everyday health care available to citizens of most nations except this one the united third word state of america. people call all night to try to get health care. that what could be more fun for a person in tennessee who desp
they are getting taxed now in cyprus. thank you sir. >> thank you john. >> we kick off another week of our critically acknowledged series with tennessee, the home of davy crockett, doll loy parton and a former senator who became vice president and then did some things that made him very unpopular. of course, i'm talking about andrew johnson. john: welcome back. it's time for w.t.f. america and our w.t.f. america series continues with a whole week of w.t.f. tennessee stories. now...
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Mar 21, 2013
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. about the walmart low price guarantee, backed by ad match. their ad price is ten for ten dollars, walmart's everyday low price is lower than their sale price. that's awesome! green bean casserole is a big easter dish in my house. really? yes, and right there... cream of mushroom soup. oh, here you go. that's what you put in it. yeah. there's your price, walmart will match that right at the register. nice! i did not know they did that. you looked through all those ads, walmart matched the prices. wow! that's the walmart low price guarantee backed by ad match! save time and money. bring in ads from your local stores and see for yourself. >>> now for a look at what's on our radar this mor
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. about the walmart low price guarantee, backed by ad match. their ad price is ten for ten dollars, walmart's everyday low price is lower than their sale price. that's...
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Mar 21, 2013
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congressman paul ryan says his budget would balance without raising taxes. senators will vote on both proposals tomorrow. here is a key senate republican on democrat murray's budget proposal. >> significant time that our colleagues have produced a budget, i'm glad they have. but it is a disappointment in the sense that it, in no way, alters the debt course we are on. they claim it is balanced. they have said balanced over 50 times already in this debate. and, yet, that budget does anything but balance. >> i should note the house passed paul ryan's plan today with all republican votes. zero democrats voting for it, shep. >> they didn't wait in the very last second of the very last day. what in the world was wrong with them? >> that's right. they pass the house passed a senate continuing resolution or cr as it is known. the house democratic leader nancy pelosi says it wasn't perfect, but it was important. >> the first vote on the cr was about substance. the second vote on the cr was about keeping government open. we want to remove all doubt that whatever our d
congressman paul ryan says his budget would balance without raising taxes. senators will vote on both proposals tomorrow. here is a key senate republican on democrat murray's budget proposal. >> significant time that our colleagues have produced a budget, i'm glad they have. but it is a disappointment in the sense that it, in no way, alters the debt course we are on. they claim it is balanced. they have said balanced over 50 times already in this debate. and, yet, that budget does...
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Mar 22, 2013
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a tax on the economy is a tax on the economy. it's a weak argument that you can just have an unlimited amount of money by taxing the rich. and at some point it becomes un-- not correct, not fair, not right. if the money is being thrown away on solyndras, and battery companies that go bankrupt, but nobody worries about it, send more money. we're having abuses in the snap program, and i proposed an amendment that would eliminate an abusive part of the food stamp program a year ago. in 2001 we spent $20 billion a year on snap. last year we spent $80 billion. it's gone from $20 billion to $80 billion, four times. and so we identified a categorical eligibility gimmick that was allowing people to get food stamps who did not qualify and should not have received them. and i said, let's close that loophole. and over ten years we were projected to spend $00 billion-d $800 billion on the food stamp program. this would have reduced it by $11 billion. so we would have been spending $789 billion instead of $800 billion. you know what they said
a tax on the economy is a tax on the economy. it's a weak argument that you can just have an unlimited amount of money by taxing the rich. and at some point it becomes un-- not correct, not fair, not right. if the money is being thrown away on solyndras, and battery companies that go bankrupt, but nobody worries about it, send more money. we're having abuses in the snap program, and i proposed an amendment that would eliminate an abusive part of the food stamp program a year ago. in 2001 we...
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Mar 19, 2013
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. ♪ 'cause germs don't stick on me ♪ [ female announcer ] band-aid brand has quiltvent technology with air channels to let boo boos breathe. [ giggles ] [ female announcer ] quiltvent technology, only from band-aid brand. use with neosporin first aid antibiotic. her long day of pick ups and drop offs begins with arthritis pain... and a choice. take up to 6 tylenol in a day or just 2 aleve for all day relief. all aboard. ♪ >>> from the invasion of iraq, and occupying the white house, to the gop's grumpy old men, here are today's top lines. guinness for strength. >> at this hour, american and coalition forces are in the early stages of military operations to disarm iraq. >> we don't
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. ♪ 'cause germs don't stick on me ♪ [ female announcer ] band-aid brand has quiltvent technology with air channels to let boo boos breathe. [ giggles ] [ female...
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Mar 25, 2013
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taxes, don't believe him. house republicans tell me they're open to exchanging entitlement reform for new taxes. will there be mutiny if that happens? >> that's what usually happens is a john boehner stakes out a hard-core right wing position and he folds in the end because they have to get something passed. right now the republicans' twin obsessions are competing. they have to obsession with got to balance the budget. they're obsessed with it and they're obsessed with going after medicare. they are obsessed with what they're calling entitlement reform. what it means is people back the social safety net. it's paul ryan's singular obsession, privatize it, shrink it or make elderly poor people pay for their own health care. it depends which one do they want more. i think that republicans would accept some closing of loopholes if they could get at the white whale of medicare and get grandma to pay a little more. >> i wonder if his singular obsession, i always thought his singular obsession was p-90 x. >> november
taxes, don't believe him. house republicans tell me they're open to exchanging entitlement reform for new taxes. will there be mutiny if that happens? >> that's what usually happens is a john boehner stakes out a hard-core right wing position and he folds in the end because they have to get something passed. right now the republicans' twin obsessions are competing. they have to obsession with got to balance the budget. they're obsessed with it and they're obsessed with going after...
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Mar 22, 2013
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lower taxes on rich people, not lower taxes for everybody, right? they don't like taxes, but letting the payroll tax cut expire was in fact their policy. lower taxes in general. lower taxes on richer wealthier americans. cutting social programs. entitlements they go back and forth. medicare they go back and forth. you remember mitt romney and paul ryan ran in the election as they were going to stop the democrats terrible intention to cut medicare, then paul ryan got back into the house and writing a budget he kept all those cuts and added new ones and had more added into this is program. the real shock in recent weeks or real frustration trying to covers the budget debates. republicans cover five issues, they want to cut the budget deficits and cut defense spending and simplify the tax code and lower tax rates. in a deal with president obama they could get the first four, more deficit reduction, protect defense, the democratic president would get some cover in cutting medicare and social security and they could simplify the tax code by taking out ex
lower taxes on rich people, not lower taxes for everybody, right? they don't like taxes, but letting the payroll tax cut expire was in fact their policy. lower taxes in general. lower taxes on richer wealthier americans. cutting social programs. entitlements they go back and forth. medicare they go back and forth. you remember mitt romney and paul ryan ran in the election as they were going to stop the democrats terrible intention to cut medicare, then paul ryan got back into the house and...
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Mar 21, 2013
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the rich, when house republicans paved the way for passage tomorrow of paul ryan's budget that cuts taxes for the rich. that budget, of course, does not include stimulus spending, but a just released gallup pole shows a mere 72% of americans support a federal government spending program designed to create more than one million new jobs. that also has majority support among republicans. freshman republican congressman thomas massey told a roomful of reporters today you know, i'm new here, but what i'm learning is that the budget is just kind of a guideline. we know it is dead on arrival, we know it is a pretend vote. here is speaker boehner reacting to something president obama was cause saying on his arrival in israel today. >> i would rather be heckled than ignored. you only tease the ones you love. >> he is willing to more than tease the ones he love. >> apparently republicans are willing to tease various parts of the base to make them think we have a plan. it is really not much of a plan, it is kind of the part of the problem they don't seem to understand, the policies don't match up w
the rich, when house republicans paved the way for passage tomorrow of paul ryan's budget that cuts taxes for the rich. that budget, of course, does not include stimulus spending, but a just released gallup pole shows a mere 72% of americans support a federal government spending program designed to create more than one million new jobs. that also has majority support among republicans. freshman republican congressman thomas massey told a roomful of reporters today you know, i'm new here, but...
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Mar 20, 2013
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at the same time, you cutting taxes to people in the upper income categories. then we want a block grant, medicaid. that means that there are seniors who will find themselves being shopped around from state to state to find which nursing home will be able to take them. that is the kind of stuff that we ought not have. we ought to have a national medicaid program, a national medicare program, and it should be a guarantee. it should not be a voucher to shop around to insurance companies. >>> but congressman, there's going to have to be compromise before anything gets done. from the president's vision, if there is to be another grand bargain, it would require changes on entitlements. are you and the other members of the democratic caucus willing to have some give there in exchange for the revenues that you expect from the other side? >> absolutely. we have demonstrated that before. look, we just had -- mr. ryan and -- because of that 716 billion that he took out of medicare and extended the life of medicare. we demonstrated that we didn't take it out -- we took it
at the same time, you cutting taxes to people in the upper income categories. then we want a block grant, medicaid. that means that there are seniors who will find themselves being shopped around from state to state to find which nursing home will be able to take them. that is the kind of stuff that we ought not have. we ought to have a national medicaid program, a national medicare program, and it should be a guarantee. it should not be a voucher to shop around to insurance companies....
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Mar 20, 2013
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all of this tax increase is thanks to 21 tax increases contained in obamacare. my guess is the majority doesn't want to take on that group. so number 2 -- that's tax-deferred retirement savings vehicles. it's defined benefit plans and section 401(k)-type plans. to be sure, some hiring-income taxpayers benefit. defined benefit plans tend to dominate in the unionized world. section 401(k)-type plans are more common now. some high-income taxpayers do benefit because they are owners of a business, and we want them to set up and maintain their plans. about 4% of this tax expenditures goes to taxpayers at $1 million or more income. number 3 on the list there, it's the preferential rate for capital gains and dividends. it is true that higher-income taxpayers tend to have more capital gains but a few montes ago, the rate rose 50%. do we want to choke off more savings and investment? number 4 -- that's the deduction for state and local income and real property taxes. "the new york times" editorial page is usually very in tune with the majority. an editorial december 6, 2
all of this tax increase is thanks to 21 tax increases contained in obamacare. my guess is the majority doesn't want to take on that group. so number 2 -- that's tax-deferred retirement savings vehicles. it's defined benefit plans and section 401(k)-type plans. to be sure, some hiring-income taxpayers benefit. defined benefit plans tend to dominate in the unionized world. section 401(k)-type plans are more common now. some high-income taxpayers do benefit because they are owners of a business,...
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Mar 21, 2013
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and it raises taxes. now we'll submit a document for the record that we think shows we've got $1.5 trillion in tax increases in this bill, but whether it is $1.5 trillion or $1 trillion, the deal is spending goes up. and there's virtually no alteration in the debt course of america over the next ten years. so why is it that it's a spending problem? let me explain. it actually came to me more clearly during a hearing recently where mr. elmendorf, who is the director of c.b.o., the congressiona congressional e and a very smart man and a decent individual -- and so we were talking about the growth in spending in taxes and the tax increases have just owe cud and that sort of thing. and this is the story: if you're -- if you -- if your tax -- if you raise -- i asked him this: if we raise enough taxes to balance the budget today and if the economy is growing at 2% and -- would the taxes grow at about 2% a year? and he said, yes. they worked hard to figure out what kind of tax reform growth it is, but taxes basi
and it raises taxes. now we'll submit a document for the record that we think shows we've got $1.5 trillion in tax increases in this bill, but whether it is $1.5 trillion or $1 trillion, the deal is spending goes up. and there's virtually no alteration in the debt course of america over the next ten years. so why is it that it's a spending problem? let me explain. it actually came to me more clearly during a hearing recently where mr. elmendorf, who is the director of c.b.o., the congressiona...
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Mar 21, 2013
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we balance the budget without raising taxes. we're actually growing the economy. it appropriates a fasters a healthier stronger economy to create more jobs. michael: the reason a lot of republicans probably voled against this bill is it doesn't stand a prayer in the senate. it is not going to pass the senate. this is almost a symbolic vote. they voted on this ryan budget now a number of times amounted i had has not really passed ever. john boehner was happy because what they did also today was approve by 318-109 a federal spending bill to keep the government funded through september 30, which averts a march 27 shutdown of the government. here is the speaker of the house excited by the vote. >> it is a good day for the american people. every family in america must balance their budget. today, us republicans passed our bold plan to balance the budget over the next 10 years. this budget does more than just balance. it helps improve people's lives and addresses the things i think they most care about fixing the tax code lowering rates means more jobs and higher wages
we balance the budget without raising taxes. we're actually growing the economy. it appropriates a fasters a healthier stronger economy to create more jobs. michael: the reason a lot of republicans probably voled against this bill is it doesn't stand a prayer in the senate. it is not going to pass the senate. this is almost a symbolic vote. they voted on this ryan budget now a number of times amounted i had has not really passed ever. john boehner was happy because what they did also today was...
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Mar 18, 2013
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it also means arranging our tax system so is that we have economic growth. and i think we have been saying that from day one. >> chris: well, senator durbin, i heard some give there from senator corker. let me he ask you. are senate democrats willing to make serious cuts, reforms to entitlements if you get added tax revenue and what are the prospects tor for a grand bar ? >> what he articulated is what we did in the bowles simpson commission and what we have done since. we said let's put everything on the table and i want to thank bob be for saying that. we have to, of course, pass the budget resolution in the senate. patty murray has done an extraordinarily good job and then move to the next stage and that is the grand bargain stage. both sides sitting down on a bipartisan basis not eliminating medicare as emhe afraid the paul ryan budget would do but making sure it survives for generations to come. putting revenues on the table that are fair and won't penalize the working people across america and making sure it is a balanced approach. i think what bob cor
it also means arranging our tax system so is that we have economic growth. and i think we have been saying that from day one. >> chris: well, senator durbin, i heard some give there from senator corker. let me he ask you. are senate democrats willing to make serious cuts, reforms to entitlements if you get added tax revenue and what are the prospects tor for a grand bar ? >> what he articulated is what we did in the bowles simpson commission and what we have done since. we said...
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Mar 19, 2013
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growth or more tax and spend? >> despite this confidence in their plan, the reality is that the ryan plan will likely pass the house tomorrow and then die a lonely death in the upper, lower chamber. having garnered no bipartisan support whatsoever. but don't expect that to be the end of the budget tango. and don't expect it to be the end of finger-pointing, either. as the majority leader reminds us, nothing says deal maker like an inability to compromise. >> if the president wants to let our unwillingness to raise taxes get in the way, then we're not going to be able to set differences aside. >> joining us now from new orleans, is democratic political strategist, james carville, the author of many books, including his latest "it's the middle class, stupid" james, it's a joy to have you on the show. thank you for joining us. i didn't have time to get into the wagner budget and the carville budget, but i wonder with the proliferation of budgets, mr. carville, do you think we're any closer to any kind of deal? >> pro
growth or more tax and spend? >> despite this confidence in their plan, the reality is that the ryan plan will likely pass the house tomorrow and then die a lonely death in the upper, lower chamber. having garnered no bipartisan support whatsoever. but don't expect that to be the end of the budget tango. and don't expect it to be the end of finger-pointing, either. as the majority leader reminds us, nothing says deal maker like an inability to compromise. >> if the president wants...
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Mar 21, 2013
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> so the new republican plan is to reach out to pop culture world. i don't think this is what they had in mind. that's next. protect your family... and launch your dreams. at legalzoom.com we put the law on your side. where does goddess begin? it begins with your skin... revealed by venus for a confident glow the whole world will notice. venus & olay -- gently exfoliates with 5 blades. plus olay moisture bars help lock in moisture for less dryness. only from venus & olay. any venus cartridge fits any venus handle. that's the beauty of venus. mommy's having a french fry. yes she is, yes she is. [ bop ] [ male announcer ] could've had a v8. 100% vegetable juice, with three of your dail
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> so the new republican plan is to reach out to pop culture world. i don't think this is what they had in mind. that's next. protect your family... and...
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Mar 22, 2013
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want it all of the taxes, they just audit some of the taxes. that enables the system to function. considering that 98% of the client approved in the end, we should be simply taking all the new claims, approving them to a minimum level, auditing a small subset, and giving them a final resolution within five years. the medical system, of bluecross blueshield, processes 30 million medical claims a year. they'd do 9% them within 30 days, and we should be able to do the same thing. 99% of them within 30 days. those are some of my suggestions. the gentleman in the yellow tie. >> i am a vietnam veteran who is getting care at the local va. one of the biggest hazard sometimes it is the claims person who determines what kind of claim you get. orangeerefore agent related. i had a stroke, and they did not decrease my allotment, but getting back to what you have now, it is like you have in the regular committee. they did not increase my allotment. it is like you have in the regular community. the vietnam veteran, and now the iraq-afghanistan veterans. the v
want it all of the taxes, they just audit some of the taxes. that enables the system to function. considering that 98% of the client approved in the end, we should be simply taking all the new claims, approving them to a minimum level, auditing a small subset, and giving them a final resolution within five years. the medical system, of bluecross blueshield, processes 30 million medical claims a year. they'd do 9% them within 30 days, and we should be able to do the same thing. 99% of them...
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Mar 18, 2013
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we propose reforming the tax code. we propose ending special tax breaks and closing tax loopholes like the mortgage deduction for vacation homes and yachts, eliminating the deduction for derivative traders and eliminating incentives for sending american jobs overseas. we propose taxing capital gains and dividends as ordinary income, raising about $900 billion over 10 years. these changes, mr. speaker, would generate much-needed revenue. the country has begun to recover. we see it every day in the news and we're moving in the right direction. we are beginning to recover from near financial ruin. but our recovery is fragile and desperately needs a shot in the arm to accelerate our economic recovery. instead the republican-controlled house voted -- thought it best to poison the economy and throw away the antidote. according to leading economists, once sequestration is full yimplemented, america is going -- -- fully implemented, americans are going to lose $2.-- 2.14 million jobs. those are two million jobs that exist now
we propose reforming the tax code. we propose ending special tax breaks and closing tax loopholes like the mortgage deduction for vacation homes and yachts, eliminating the deduction for derivative traders and eliminating incentives for sending american jobs overseas. we propose taxing capital gains and dividends as ordinary income, raising about $900 billion over 10 years. these changes, mr. speaker, would generate much-needed revenue. the country has begun to recover. we see it every day in...
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Mar 22, 2013
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. been waiting for the price then hurry, sleep train's beautyrest and posturepedic closeout sale ends sunday. save up to 40% on closeout sets from beautyrest and posturepedic. save hundreds on floor samples and closeout inventory. these prices are falling fast, but these deals won't last. sleep train's beautyrest and posturepedic closeout sale ends sunday. superior service, best selection, lowest price, guaranteed. ♪ sleep train ♪ your ticket to a better night's sleep ♪ >> listen to this story. a hostage situation takes a bizarre turn when the victim's pro wrestler's son take matters into his own hands to save his mother. trace gallagher is live with what happened here. what happen
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. been waiting for the price then hurry, sleep train's beautyrest and posturepedic closeout sale ends sunday. save up to 40% on closeout sets from beautyrest and...
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Mar 22, 2013
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in new taxes next year. democrats are not going to want to be on record saying we want a lot more spending, most of it paid for by deficit this year and next. we'll see a lot of defectses from the democrat budget resolution. we saw a vote yesterday in the senate which was, you talked with stuart varney about. repealing the medical device tax. we're likely to see a lot of defects from the white house and the democratic leadership proposal to have a lot more spending in year and coming years. we saw the opening mark of that yesterday. bill: peter cottontail still on the schedule for the 1st of april. we'll bring you back and we'll continue this little discussion about what's right and what's not given the budget crunch. >> bring back the white house tours. bring back the white house tours. bring back the white house tours. there we go. bill: enjoy austin. see you soon. heather. heather: the clock is ticking as the country is on a verge of collapse. can a deal be reached before there is a i had on people's bank
in new taxes next year. democrats are not going to want to be on record saying we want a lot more spending, most of it paid for by deficit this year and next. we'll see a lot of defectses from the democrat budget resolution. we saw a vote yesterday in the senate which was, you talked with stuart varney about. repealing the medical device tax. we're likely to see a lot of defects from the white house and the democratic leadership proposal to have a lot more spending in year and coming years. we...
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149
Mar 21, 2013
03/13
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FOXNEWSW
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welcome to the tax system. >>> cyprus is getting a new ultimatum today. the european central bank is now telling the island nation to come up with a plan to secure a bailout by this monday or emergency aid for their banks will be cut off. very serious situation going on here for cyprus. stuart varney, anchor of "varney & company" on the fox business network joins me right now. stuart, where does all this stand now? >> wait until you hear this. there is ultimatum to cyprus, get a deal by monday midnight or you don't get a bailout. banks are closed all the way to next tuesday. stock market is closed. hints of a deal, cash from russia. here is the big one, martha. they're debating right now in the cypriot parliament of idea of seizing pension money. nationalizing semipublic, semiprivate pension fund companies. that is how far they're going. it reminds you of the seizure of private bank deposits, now the seizure of pension money. it is a sign of desperation. things are coming to a he had he. we may be witnessing the first country to leave the euro. that is a
welcome to the tax system. >>> cyprus is getting a new ultimatum today. the european central bank is now telling the island nation to come up with a plan to secure a bailout by this monday or emergency aid for their banks will be cut off. very serious situation going on here for cyprus. stuart varney, anchor of "varney & company" on the fox business network joins me right now. stuart, where does all this stand now? >> wait until you hear this. there is ultimatum to...